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at a normal interest rate, i'm a guy that wants to go 50/50 bond equities, are you saying in this environment i should be 75 equities, 25 bonds because of the risk? >> yeah, i think the problem is nobody is 50/50. today people are sitting at 80% this bonds. 10% quit tis and a little bit of cash. here's the big issue. americans need to retire. 75% of them have already said they don't have enough money. 40% said they'll never have enough money. so they're funding their lon term liability which is retirement 15 years, on average 58 years old, and they're funding it with a security that's at the end of its peak cycle. so usual getting zero rate of return and you're saying i'll fund the liability by an investment that i'm guaranteed to lose money in. the world is more complicated. it's not 50 stock and 50 bond. so you have to say i need to start to move into a more balanced portfolio. the big problem people have is they think it's a binary switch. i go from stocks to bonds. maybe risky people and speculate tors do that. but it means i need to start to lessen my bond position, because more balanced
the regulated environment we had back pre-1980 where everything was forced to be in the ticket price. so i think what we've come to is a more natural economic order in terms of cafeteria style. you pick what you want. but i think the unbundling is pretty much done. you may see a few things going forward, but most of it has been done thus far. >> david, joining us very early? san francisco, guys, a day when the company says they'll tap the brakes a little bit on their growth but coming off a profitable third quarter and expecting a profitable fourth quarter. guys, back to you. >> phil, thank you. i was trying to figure out what in the world they could possibly still charge us for. >> they'll figure out a way. all the airlines will. >> wearing clothes? >> paying nor travel with a bunch of naked people. >> can i pay to make sure all the other peenassengers are clo? >> i've never flown virgin. >> i love it. >> you wake up a newborn again -- >> born again every single morning. >>> when we come back, a world of opportunity, why u.s. consumers could soon benefit from an improved pan thama can t will. i
in this consolidated apple like checkout, iphone, anyone can check you out, it's efficient, nice environment. it's the apple store customer interface combined with the best brands of the world in a small geography. we had $250 a square foot in sales with the traffic down 12%. >> for your sake and for ron johnson's sake i hope this works and i love a great come back story. >> i want to leave our viewers with one thing. the biggest problem people have with something like this, how can i own a stock when the sales are down 26%? i'll make one analogy and help people think about how to value this company. we took a stake in wendy's, why did people not like wendy's? i get a chance we come back after a commercial, i'm happy to stay. >> i think we're going. >> give me one minute and i'm happy to come back another time. wendy's, people hated the management, there was a fast growing company called tim horton's inside wendys. we separated and the stock doubled. we have this fast growing retail inside jcpenney, profitable and high margins and the rest of jcpenney is shrinking. it's hard to look at it on a c
Search Results 0 to 2 of about 3